Jazz spends $125m for rights to narcolepsy candidate
Jazz Pharmaceuticals has acquired rights from Aerial Biopharma to a narcolepsy treatment entering phase 3 development, under a licensing deal involving an up-front payment of 125 million US dollars.
“The ADX-N05 Phase 2b results … demonstrated a robust effect on excessive daytime sleepiness in patients with narcolepsy.
“Given ADX-N05’s demonstrated wake-promoting properties in pre-clinical and clinical studies, including the phase 2b results, we believe ADX-N05 could also potentially benefit patients whose excessive daytime sleepiness stems from other causes, such as obstructive sleep apnea.”
Jeffrey Tobias, chief medical officer and executive vice-president of R&D, Jazz Pharmaceuticals.
Aerial first announced it was seeking a “strategic asset sale to accelerate the development of N05” when it published results of a phase 2b trial in October 2013.
Jazz Pharma buying experimental narcolepsy drug (Pharmaceutical Processing).
Aerial Biopharma announces positive results for ADX-N05 202; a phase 2b trial for narcolepsy (Aerial Biopharma press release (October 2013).
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